WHARF HOLDINGS (00004) announced its mid-term results for 2026, with a profit attributable to shareholders of HKD 48 million, a year-on-year decrease of 91%.

WHARF HOLDINGS (00004) announced its interim results for the six months ended June 30, 2026, reporting revenues of HKD 5.344 billion, a 6% decrease year-on-year; operating profit of HKD 2.354 billion, an 11% decrease year-on-year; profit attributable to shareholders of HKD 48 million, a 91% decrease year-on-year; and basic earnings per share of HKD 0.02. The board has resolved to declare a first interim dividend of HKD 0.20 per share, as well as a special interim dividend of HKD 0.20 per share to celebrate the company's 140th anniversary. The first half of 2026 remains challenging, with the conflict in the Middle East complicating the situation further. Amid global turmoil, trading on Hong Kong stocks is active, and IPO activities are vibrant, further solidifying Hong Kong's position as a reliable safe haven for investment funds. The residential property market shows positive signs driven by a resurgence in market entry intention, with substantial growth in both property prices and transaction volumes. The group has a series of residential projects ready for sale that will be launched to capitalize on the momentum. The port business continues to face regional competitive pressure, and the group is actively exploring new business opportunities, with expectations to commence in the second half of this year. In mainland China, the market sentiment remains sluggish due to the weak real estate market, but first-tier cities are showing initial signs of stabilization. Changes in consumer patterns and intensified competition continue to exert pressure on various aspects of the groups businesses. The strengthening of the Renminbi provides a degree of buffer for the reporting in Hong Kong dollars. In light of the above external factors, the group adheres to prudent financial management principles, maintaining a net cash position and a robust capital structure.